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Improvement of Austria's International Unit Labour Cost Position in 2017

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  • Werner Hölzl
  • Thomas Leoni

Abstract

In 2017, the economic upturn in the Austrian manufacturing sector led to an improvement in the unit labour cost position compared with the weighted average of all trading partners. Productivity increased more strongly than in previous years, while labour costs in Austria rose only moderately. The Austrian unit labour cost position also improved in comparison with Germany and the other EU trading partners.

Suggested Citation

  • Werner Hölzl & Thomas Leoni, 2018. "Improvement of Austria's International Unit Labour Cost Position in 2017," WIFO Bulletin, WIFO, vol. 23(17), pages 162-173, December.
    • Handle: RePEc:wfo:wblltn:y:2018:i:17:p:162-173
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    References listed on IDEAS

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    1. Carlin, Wendy & Glyn, Andrew & Van Reenen, John, 2001. "Export Market Performance of OECD Countries: An Empirical Examination of the Role of Cost Competitiveness," Economic Journal, Royal Economic Society, vol. 111(468), pages 128-162, January.
    2. Sandra Bilek-Steindl & Susanne Bärenthaler-Sieber & Josef Baumgartner & Jürgen Bierbaumer & Julia Bock-Schappelwein & Oliver Fritz & Werner Hölzl & Thomas Leoni & Christine Mayrhuber & Michael Peneder, 2018. "Stärkstes Wachstum seit sechs Jahren. Österreichs Wirtschaft 2017," WIFO Monatsberichte (monthly reports), WIFO, vol. 91(4), pages 253-316, April.
    3. Werner Hölzl & Thomas Leoni, 2017. "International Unit Labour Cost Position in Manufacturing Deteriorated in 2016," WIFO Bulletin, WIFO, vol. 22(15), pages 143-154, December.
    4. Werner Hölzl & Thomas Leoni, 2017. "Internationale Lohnstückkostenposition der Warenherstellung verschlechtert sich 2016," WIFO Monatsberichte (monthly reports), WIFO, vol. 90(10), pages 783-795, October.
    5. Ursula Glauninger & Thomas Url, 2017. "Revised competitiveness indicators for Austria reflect a comparatively stable competitiveness development of the Austrian economy over the longer horizon," Monetary Policy & the Economy, Oesterreichische Nationalbank (Austrian Central Bank), issue Q2/17, pages 73-110.
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    Cited by:

    1. Werner Hölzl & Thomas Leoni, 2020. "Despite Increase in Unit Labour Costs, Improvement of Austrian Unit Labour Cost Position 2019," WIFO Bulletin, WIFO, vol. 25(11), pages 101-113, December.

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